Minneapolis · USD · moderate cost city
Cost of living in Minneapolis — is your salary enough?
Minneapolis median rent is around $1,400/month, low for a major metro with a diverse professional economy. Minneapolis consistently ranks among the better US cities for mid-income savings, with low housing costs offsetting cold-climate expenses.
Rent in Minneapolis
Budget$1,100 – $1,250/mo
Typical$1,400 – $1,600/mo
Premium$1,800+/mo
Other monthly costs
Food, transport, bills, going out~$1,600/mo
Total typical monthly spend~$3,000/mo
How different incomes stack up
At typical Minneapolis costs ($1,400 rent)
$40,000 – $55,000→ saving 2.8%
Under-Saving$55,000 – $75,000→ saving 22%
Ahead$75,000 – $100,000→ saving 42.1%
AheadSee your personal verdict for Minneapolis
Cost figures are estimates based on reported median rents and typical spending patterns. Savings benchmarks from BLS Consumer Expenditure Survey 2023. Figures in USD.